As much as everyone wants it to be, selling your property is not a simple and quick endeavor. Listing your house and finding a qualified buyer can be a long and tedious process. Your house may also stay on the market for longer than expected depending on the pricing and location. However, there are a few factors within your control that can help with selling your former home. In this month’s blog, we will discuss a few tips to help with the selling process and help your house be more appealing to prospective buyers.
Hire the Right Agent
Hiring a real estate agent who knows the market can be very beneficial in selling your house. Some homeowners may be hesitant in hiring an agent because they want to save on the cost of paying real estate commission. However, an agent will be able to expose your listing to a much broader audience and can negotiate on your behalf. You can sell your house by yourself of course, but it can be a very stressful process as a result. You would have to deal with personally managing the property, marketing the listing, reviewing offers, and handling all negotiations and closing details. A good agent will relieve you of a lot of stress so you can focus on other things.
Spruce Up Your House
When you’ve made the decision to move forward with selling your house, it’s time to focus on its marketability and appeal. Thoroughly inspect the house and identify areas that need to be fixed or renovated. Perhaps your walls need a fresh coat of paint or the carpet needs to be replaced. Don’t forget to inspect the exterior and landscape of your property as well. This is an important process because you want your house to have a good curb appeal and be enticing as possible to potential buyers.
However, don’t waste your money on needless upgrades unless the new additions will have a high return on investment. If your house is in good condition, it wouldn’t make sense to do a full renovation if its costliness will cause you to lose money on the sale. In general, making updates to the kitchen and bathrooms can be more beneficial, such as replacing your old cabinets and sinks for something more modern.
Market Your Property
Having online listings with clear photos of your property can greatly boost interest and gather more attention. The value of professional photography should not be overlooked because the photos of your home could be someone’s first impression. Make sure to add well-written and informative descriptions of your property to garner more interest. Online buyers want to know as much as possible before they decide to spend time visiting and touring your property and neighborhood.
Creating a 3D virtual tour is also another option that allows online buyers to tour your house. They are efficient because unlike in-person showings, 3D tours are available 24/7 and can be accessed at any time.
Set a Competitive Price
Give yourself room for negotiation but also keep it realistic. A common mistake that sellers make is overpricing their property and then reducing the price the longer it stays on the market. Multiple price reductions can also give the impression that something may be wrong with your house. You don’t want to underestimate your house’s value either because that will cost you. Instead, take references from a real estate comparable, which is a similar home that has been recently sold in the area or market you’re looking to sell in. This will inform you of average prices other homes comparable to yours are selling for and help you set a competitive, yet reasonable price.
As you can see, there are many moving parts to selling your home. We hope these tips help first-time home sellers find the best deal possible. If you’re selling your property and you’re looking for a new house, rely on American Mortgage Resource, Inc. for expert advice and help. Learn more about our services by visiting our website or contact our team at (617) 972-8588.